New Delhi: Foreign portfolio investors (FPIs) remained net sellers in domestic markets to the tune of Rs 8,879 crore so far this month.According to depositories’ data, FPIs pulled out Rs 7,462 crore from equities, Rs 1,272 crore from the debt segment and Rs 145 crore from hybrid instruments during December 1-10.
This took the total net outflow to Rs 8,879 crore during the period. In the month of November, FPIs were net sellers to the tune of Rs 2,521 crore.
There continues to be concerns over the highly transmissible Omicron variant of coronavirus, which has impacted global growth outlook and could play a spoilsport, said Himanshu Srivastava, associate director (manager research) of Morningstar India. This has already turned investors risk-averse adding to it, there is expectation of rising inflation and expectation of monetary tightening by the US Federal Reserve, ShrikantChouhan.